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DocuSign | 8-K: DocuSign Announces Fourth Quarter and Fiscal Year 2024 Financial Results

SEC announcement ·  Mar 7 16:11
Summary by Moomoo AI
On March 7, 2024, DocuSign, Inc., a leader in e-signature technology, reported its financial results for the fourth quarter and the fiscal year ending January 31, 2024. The company announced an 8% year-over-year increase in total revenue for the quarter, reaching $712.4 million, with subscription revenue also rising by 8% to $695.7 million. Professional services and other revenue saw a 5% increase to $16.7 million. Notably, DocuSign's billings grew by 13% year-over-year to $833.1 million. The company's GAAP net income per basic and diluted share improved to $0.13, up from $0.02 in the same period last year. Non-GAAP net income per diluted share increased to $0.76 from $0.65. The fiscal year's total revenue was $2.8 billion, marking a 10% increase over the prior year, with subscription revenue contributing $2.7 billion...Show More
On March 7, 2024, DocuSign, Inc., a leader in e-signature technology, reported its financial results for the fourth quarter and the fiscal year ending January 31, 2024. The company announced an 8% year-over-year increase in total revenue for the quarter, reaching $712.4 million, with subscription revenue also rising by 8% to $695.7 million. Professional services and other revenue saw a 5% increase to $16.7 million. Notably, DocuSign's billings grew by 13% year-over-year to $833.1 million. The company's GAAP net income per basic and diluted share improved to $0.13, up from $0.02 in the same period last year. Non-GAAP net income per diluted share increased to $0.76 from $0.65. The fiscal year's total revenue was $2.8 billion, marking a 10% increase over the prior year, with subscription revenue contributing $2.7 billion. The company also highlighted operational achievements, including the doubling of free cash flow year-over-year and the repayment of $689.9 million in convertible senior notes. Looking ahead, DocuSign provided guidance for the quarter ending April 30, 2024, with total revenue expected to be between $704 million and $708 million, and for the fiscal year ending January 31, 2025, projecting total revenue in the range of $2.915 billion to $2.927 billion. The report was furnished to the SEC and included a press release detailing the financial results, as well as forward-looking statements regarding the company's future performance.

This announcement is a separate document:

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